connexions building startups in times of crises
TRANSCRIPT
CONFIDENTIAL– NottoDistribute
CONNEXIONS
BUILDINGSTARTUPSIN
TIMESOFCRISES
May16,2020
DarshanDoshiFoundingDirector
CentreforEntrepreneurship&Innovation
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
EconomicRecovery,RecessionorDepression ?
Covid-19ChangestheWorld
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
CreationDuringCrises
Source:Forbes,Hackernoon,MediumKellyBurtog
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
Ø Groceriesandessentialgoods
Ø SafetySanitizers,PPE,ventilators,robots,AppslikeAarogyaSetu,andmore
Ø Remoteworkconnectivity
Ø Cybersecurity
Ø Healthcare
Ø AtmaNirbhar IndiaBuildinIndia,BuildforIndiaVocalAboutLocal
Ø MentalHealth
Covid-19:Problems=Opportunities
Ø Insurtech
Ø Edtech
Ø Fitness&Health
Ø PersonalFinanceandInvestments
Ø GamingandEntertainment
Ø GlobalLogistics
Ø VerticalSAASBuildinIndiafortheWorld
Ø Others?
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
Innovations• InnovationChallenges• Hackathons• Crowdsourcing
Stakeholders• GovernmentofIndia– CentralandStateGovernments• Startupcommunities– Incubators,Accelerators,Investors• Corporations
Investments• NewFundslaunchedtosolveproblemscausedbyCovid-19crisis• FocusonProfitabilityvsFunding• RisingDebt?MSMEs?Micropreneurs?
Covid-19InitiativesinIndia
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
• It’sOKtoStartSmall
• EffectuationPrinciplesbyDr. SarasSarasvathytogetthe
Founder-Marketfit
Ø Whydoyouwanttobuildabusiness?
• FocusonaNiche- smallgroupofpeople
• LeanStartupMethodology
• BusinessModelCanvas
Ø Whatisyourhypothesis?
Ø Whoisitfor?
Ø Whatisthefastestandcheapestwaytocreatea
product/testthatcanhelpyouansweriftheproblemis
reallyaproblem?
WheredoyouStart?
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
• ValueStartups- Don’tnecessarilyfocustobuildusingVC
funding
• IdentifytheRightPartnersinyourjourney
• Frugality- Don’tspendmoneytoadvertiseearlyon!
• AchieveProduct-Marketfit
• Focusontheprocess
• Fundingisachallengeatthisstageandnearfuture
WheredoyouStart?
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
• Interdisciplinaryapproach– workexperienceacrossdisciplines?Geographies?Peoplefromdifferencefields?
• Whatuniqueinsightsdoyouhavethatmostpeoplewoulddisagree?
• INSTRINSIC- Whatcorebeliefs,skillsandabilitiesdoyouhavetobuildsomethingofvalue?Whatcanyoudo?Whodoyouknow?
• EXTERNALFactorsØ TrendsØ Problemsthatyou/yourfriends/familyfacing?
KnowYourself
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
InterdisciplinaryLiberalEducationSuccessStories
Name Specialization Designation Company
AnandMahindra FilmStudies Chairman Mahindra&Mahindra
KiranShaw Zoology Chairwoman Biocon
SunilMittal Economics&PoliticalScience Chairman BhartiEnterprises
HarishManwani Statistics&Economics FormerChairman Unilever
MichaelEisner English&Theatre FormerCEO WaltDisneyCompany
MichaelDell Biology CEO DellComputers
CarlyFiorina Philosophy&History FormerCEO HewlettPackard
MarthaStewart ArchitecturalHistory CEO MarthaStewartOmnimedia
OprahWinfrey Speech&PerformingArts MediaExecutive TheOprahWinfreyShow
HowardSchultz Communications CEO Starbucks
RichardPlepler Government CEO HBO
SusanWojcicki History&Literature CEO YouTube
JackMa English Chairman Alibaba
SherylSandberg Economics COO Facebook
ParkerHarris English Co-Founder Salesforce
PeterThiel Philosophy&Law Co-Founder PayPal
ReidHoffman Philosophy Founder Linkedin
JohnMackey Philosophy&Religion Co-CEO WholeFoods
SteveElls ArtHistory Co-CEO Chipotle
EmilyWhite Fine&StudioArt FormerCOO Snapchat
BenSilverman PoliticalScience Founder Pinterest
JonathanSwanson Ethics,Philosophy&PoliticalScience Co-Founder Thumbtack
StewartButterfield Philosophy Founder Slack
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
StartupFounders:BornvsMade
Source:BasisSetVentures
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
FounderBackground
Source:BasisSetVentures
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
FounderTraits
Source:BasisSetVentures
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
Entrepreneurship&InnovationinIndia
Source:WIPO
• India- $5trillioneconomysoon
• Ranks52onGIIIndex2019
• Create300Mnjobsby2040
• 3rd LargestStartupEcosystem
• 4Xgrowthby2025
• 90%ofIndianstartupsfailwithinthefirstfiveyears
• 77%VCsbelievemostcommonreasonforfailureislackof
innovation
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
ARapidlyMaturingIndianStartupEcosystem
Source:2019NASSCOMZINNOVReport
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
INDIA:3rd LargestStartupEcosystem
Source:2019NASSCOMZINNOVReportStartupIndia.gov.in
INDIA
400+Incubators&Accelerators70,000+Startups 1100+Angels
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
StartupFunding
Source:Inc42,IVCA&EYReportEYAnalysisofVCCEdge Data
2019saw$12.7BillionFunding
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
SuccessfulStartupExits
Source:CBInsights,2019NASSCOMZINNOVReport
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
Covid-19tocreatenewsectors?
Source:2019NASSCOMZINNOVReport
?
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
India:StrengthsandTrends
Source:ManishChokhani,MohandasPai,Kuntal Shah– “India:WealthCreationStory”,2019
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
RiseofSerialEntrepreneurs
Source:2019NASSCOMZINNOVReport
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
NumberofHighGrowthStartups
Source:CBInsights,HSBC,Inc42,LiveMint,Yourstory 2019
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
• Developan‘EntrepreneurialVillage’atFLAMEUniversitythatpromotesacultureofentrepreneurship
• Givehighpotentialindividualstheopportunity,theencouragementandtheincentivetodotheirbest
• Maintainameritocraticapproachtoselectthemostcommittedindividualsandsupportthem
FLAMECentreforEntrepreneurship&Innovation(FCEI)
Ittakesan‘EntrepreneurialVillage’tolaunchnewventuresTM
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
FCEI:AVibrantEntrepreneurialEcosystem
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
FLAMEUniversityhasdevelopedauniquemodelofcreatingnextgenerationofhighimpactentrepreneurs
OneYearPostGraduatePrograminEntrepreneurship&Innovation
Module1UNLEARN
Module2LEARN
Module3BUILD
Module4LEAD
LiveStartupProject NewVentureCreation
International&LocalStartupImmersions,Events&Competitions
Backedbyexperientiallearningfrompracticingentrepreneurs,coachingfromCxO’s,globalimmersion,andaccesstomakerspace,incubationandinvestment
ReshapingEntrepreneurialEducation
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
PGPEI:Educators,Entrepreneurs,Investors&BusinessLeaders
CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute
PGPEI:StrongGlobalandLocalAssociations
CONFIDENTIAL– NottoDistribute
Thankyou.Website– www.flame.edu.inEmail– [email protected]– 18002094567
2020– 21©FLAMEUniversity